Bankruptcy and Insolvency Taxation: 2007 Cumulative Supplement / Edition 3

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The 2007 Cumulative Supplement includes the following updates:
  • Chapter 1 is updated to include the general provisions of the Bankruptcy Abuse Prevention and Consumer Protection Act of 2005.
  • Includes tax changes in the Act, several recent cases and directives issued by the Internal Revenue Service and the Treasury, and the adjustments to dollar amounts for petitions filed after March 31, 2007.
  • Chapter 8 has been completely rewritten and included in this supplement to incorporate the state and local tax issues in the 2005 Act.
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Product Details

  • ISBN-13: 9780471796329
  • Publisher: Wiley, John & Sons, Incorporated
  • Publication date: 8/10/2007
  • Edition description: REV
  • Edition number: 3
  • Pages: 208
  • Product dimensions: 5.90 (w) x 8.90 (h) x 0.50 (d)

Table of Contents



Chapter One: Nature of Bankruptcy and Insolvency Proceedings.

§ 1.1 Objectives.

*§ 1.2 Alternatives Available to a Financially Troubled Business.

Chapter Two: Discharge of Indebtedness.

*§ 2.3 Determination of Discharge of Indebtedness Income.

*§ 2.4 Section 108(e) Additions to Discharge of Indebtedness Income.

*§ 2.6 Discharge of Indebtedness Income Exclusions.

*§ 2.8 Use of Property to Cancel Debt.

Chapter Three: Partnerships and S Corporations: Tax Impact of Workouts and Bankruptcies.

§ 3.2 Partnerships.

§ 3.3 S Corporations.

Chapter Four: Taxation of Bankruptcy Estates and Debtors.

*§ 4.3 Accounting for the Bankruptcy Estate.

*§ 4.4 Accounting for the Debtor (Individual).

Chapter Five: Corporate Reorganizations.

*§ 5.2 Elements Common to Many Reorganization Provisions.

*§ 5.4 Acquisitive Reorganizations.

*§ 5.6 Single Entity Reorganizations.

§ 5.7 Divisive Reorganizations.

*§ 5.8 Insolvency Reorganizations.

Chapter Six: Use of Net Operating Losses.

*§ 6.4 Current I.R.C. Section 382.

*§ 6.6 I.R.C. Section 384.

*§ 6.9 Consolidated Return Regulations.

Chapter Seven: Other Corporate Issues.

*§ 7.3 Incorporation.

*§ 7.4 Liquidation.

§ 7.5A A Limited Liability Corporation (LLC) (New).

Chapter Eight: State and Local Taxes (Revised).

§ 8.1 Introduction.

§ 8.2 Bankruptcy Estates.

§ 8.3 Stock for Debt.

§ 8.4 Cancellation of Indebtedness.

§ 8.5 Net Operating Loss Carryback and Carryover.

§ 8.6 Effective Date.

Chapter Nine: Tax Consequences to Creditors of Loss from Debt Forgiveness.

§ 9.3 Business and Nonbusiness Losses.

Chapter Ten: Tax Procedures and Litigation.

*§ 10.3 Tax Determination.

Chapter Eleven: Tax Priorities and Discharge.

*§ 11.2 Priorities.

*§ 11.3 Tax Discharge.

Chapter Twelve: Tax Preferences and Liens.

§ 12.2 Tax Preferences.

§ 12.3 Tax Liens.

Appendix F.1: Tax Changes to Bankruptcy Code by 2005 ACT (New).

Appendix F.2: Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (New).

*Appendix G: Official Form 22A (Chapter 7)(10/06)(New).

Statutes Citations.

Treasury Regulations, Revenue Procedures, and Revenue Rulings Citations.

Case Index.

Subject Index.

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